However Red Hat now only supports conversions to OSV, since RHV was deprecated (sadly).
The biggest problem is oVirt itself has not proven to be a very sustainable open source project. If oVirt dies, we'll likely remove support in v2v. (There's a great start up opportunity here, for a dull but money-making company that productizes oVirt again.)
To move VMs from RHV to OSV you can just copy the disk image since they already should have virtio drivers, qemu guest agent, and be able to boot on any qemu/KVM-based platform. I believe there's some automation for that, but it doesn't involve virt-v2v.
That is because it was before Broadcom lit VMware on fire. Nowadays everyone is looking for a like for like VMware alternative.
> Kubernetes/cloud-native friendly VM alternative to VMware
Cloud-native and VMs for the people used to the VMware world are antithetical. Overwhelmingly we're talking about carefully managed pets, which is exactly the opposite of cloud-native.
Yes, they're buyers stuck in the past. If RH can bring them on and take them on a modernisation journey, it could be very lucrative (even if very time consuming).